Malaysian palm oil price falls to 2-month low on inventories outlook

Malaysian palm oil futures made gains on Friday evening, their first in three sessions

KUALA LUMPUR: Malaysian palm oil futures hit their lowest in nearly two months on Wednesday, tracking declines in related edible oils and as traders expect higher stockpiles in producer  nations.

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was down 1.8 percent at 2,158 ringgit ($520.83) a tonne at the close of trade for a third consecutive day of losses.